ADVANTAGES & DISADVANTAGES OF AN APARTMENT :

ADVANTAGES OF AN APARTMENT:

• One of the key advantage of an apartment is security for your family members in the event you are traveling or for the expensive house hold goods.

• Facilities such as power and water backup, uninterrupted supply of cooking gas would help you to live a hazzle free life. The scarcity of power and good water is becoming a serious problem in most top cities and the problem is expected to escalate more in the future.

• An apartment which is part of a large development will have a well maintained garden and landscaping as part of the complex. This will provide  space for you and your family to take a stroll and relax.

• Club facilities will provide you access to gym, sports, swimming pool etc which will help you to lead an active and healthy life – a must need in the current high stress environment.

• Services such as plumber, electrician are available on call (from the society) which will help to reduce the hazel of maintaining your home.

• If you own an apartment and you get transferred, some societies help the apartment owners to rent out the apartment which will enable you to generate revenue from the asset with limited efforts.

• No war of words with neighbor for parking space which has become a daily phenomenon in the larger cities. The parking slots are well defined and allocated in case of flats.

• If you are staying in a city where you don’t have any friends or relatives nearby it’s always better to go for a flat as you can get acquainted to some of the many families in the apartment.

• Availability of convenience stores with the apartment complex help you to shop for basic essential / groceries easily.

• Apartment complexes have staff that comes to collect payments for usage of utilities such as electricity, water, internet etc which removes any hazel of setting reminders for making payment.

DISADVANTAGES OF AN APARTMENT:

• Maintenance of the common facilities would come at a cost. Typically they range from Rs 1 per sqft to Rs 2.5 (for luxury properties) per month.

• Limited or no freedom to make modifications to the exteriors your home.

•  Very limited space to develop interests such gardening or growing smaller farm animals (societies mostly object to the same).

• Sound seepage between the wall of the adjoining apartments or voice from lower or higher floor could irritate you and visa versa especially if you have a nocturnal neighbour.

• If you are a believer in “good walls make good neighbors”, then apartment may not be the best option. A life long problem if you cannot get along with your neighbours in the same floor.

• No flexibility to expand the space for future needs as your children grow or if your parents move in to live with you.

Learn More About Satellite town ring road planned in BMRDA region...............

The 364-km road will be built at a cost of Rs. 5,340 crore The 364-km road will be built at a cost of Rs. 5,340 crore8,600 acres to be acquired to develop the eight-lane ring road Roadworks to be executed in four packages

BANGALORE: To provide road connectivity to seven taluk centres in and around Bangalore, the State Government has decided to construct a 364-km satellite town ring road at a cost of Rs. 5,340 crore in the Bangalore Metropolitan Region Development Authority (BMRDA) region.Addressing presspersons here on Thursday, Minister for Public Works H.D. Revanna said 8,600 acres would be acquired to develop the eight-lane ring road in the next five years.
The roadworks would be executed in four packages. The National Highway Authority of India (NHAI) would conduct a feasibility study in 14 months.
The State would submit a proposal to the Infrastructure Fund of the Centre seeking money for land acquisition and construction. The road would be constructed on Design Build Own Operate and Transfer (DBOOT) basis, he said.
The department also decided to construct an intermediate ring road (150 km) with an investment of Rs. 2,000 crore.
The NHAI had approved the road, which would connect Nelamangala-international airport at Devanahalli-Attibele-Tavarakere-Nelamangala.
Mr. Revanna said an airport expressway from Horamavu on the outskirts of Bangalore to the international airport would be constructed at a cost of Rs. 450 crore. About 400 acres would be acquired for 26-km road, he said.
The Government had already launched a programme to improve the quality of 39 roads (883.40 km) to be executed at a cost of Rs. 683.56 crore. The work on these roads would be completed by March 2008. Construction of 39 roads would provide better connectivity to all towns in the BMRDA area.
Mr. Revanna said the Government would approach the World Bank for loan to develop roads connecting taluk headquarters in all districts under the Karnataka State Highways Improvement Project (KSHIP-II).

The KSHIP-I, which commenced in 2001 with funds provided by the World Bank, is likely to be completed in June.

What is Meant by Undivided Share of Land ! - Peninsula Infra Developments @8884449022

Purchasing a residence or a new residence requires a natural approach. From choosing the right location to the right dimension the residence and the right designer, there are a lot of factors that a customer needs to address to get the perfect residence.Many customers often decide on their buy based on designed up place offered and the additional facilities attached to the smooth. And the most essential part in any residence buy namely the actual place possession is often neglected. For every buy in residence projects, the customer has some value of place assigned in his or her name known as the complete place discuss. Let us take a look at this critical facet of complete place discuss, its importance and lawful importance.


Understanding Undivided Share of Land (UDS):  
                                                                                          When you are getting an residence, you are officially buying two things. The first is the designed part of the developing where the entrepreneurs will actually live while the second is a related discuss of the place where the residence is designed. This discuss of place utilized the smooth customer is known as complete place discuss or UDS. Many customers are unacquainted with such an critical facet of place cope while purchasing residence.

Significance of UDS:  
                                          The developing is basically a dead resource in residence, as the value of designed place depreciates. The older the construction, the lower is its market value of the residence. On the other hand the prices of place keep increasing over time and may offer significant revenue for the landowner. This admiration in the overall value of any residence is due to the increase in the place rate and not the designed place. Essentially it is the complete place discuss depending on the designed up place of the residence that decides the long run monetary value of the residence. In situation the place proprietor has no complete place discuss, he or she may not be able to sell the residence leave alone enjoy a good revenue.

Legal Effects of UDS: The lawful effects of complete place discuss makes it an important part of any residence cope. Assume the developing where you live is to be destroyed for renovation ten years down the line or comes under government purchase venture and made available for demolition, the compensation applied to the smooth proprietor depends on the amount of the complete place discuss in the residence. The sum of all the complete stocks for each residence proprietor must related to the place of the place in which the flats are designed. In situation of co-operative housing cultures, the UDS must be lawfully be in the name of the community as the smooth entrepreneurs are the discuss owners of the community.

UDS Calculation: UDS computation is determined by a simple formula by growing the complete place area with the dimension the person residence and splitting the outcome by sum of places of all flats mixed in the venture.

Illustration for UDS Calculation: For example let us suppose 5 equally sized flats of 1000 sq ft are designed on one ground of place which measures 3500 sq ft. The UDS would be measured as growing the complete place area with the dimension the person residence (3500*1000) in this situation and splitting the outcome by sum of places of all flats mixed in the venture which is 1000*5= 5000.
Hence UDS = 1000*3500/5000 = 7000 sq ft.

UDS and Ownership of Vehicle parking Space:  
                                                                                Some residence contractors and designers have been guilty in the past of selling start or stilt car automobile parking space to the person homeowners. As per the lawful laws biding for each residence cope and UDS, any buyers cannot claim partition of their UDS of place. An start auto parking therefore can only be sold as part of common place and cannot be lawfully included as part of the floor place of individuals.

Checking Credibility of UDS while Purchase Property: While paying advance for any residence, create sure the designer or the supplier stocks with you the contract duplicate. The contract duplicate between the designer and the supplier holds all essential information of the residence in question including the facts of the complete discuss of place. There is usually a dedicated section in the designer contract catering to the UDS discuss which is mostly described in either amount conditions for example 0.75% or in exact sq ft conditions. Ensure that your designer contract clearly refers to the complete discuss of place and this same figure is described in the title action also when the signing up gets over, to protect your buy and to avoid any lawful problem later on.

FDI in Real Estate-What Does It Mean for The Common Man?

Budget 2014 might not have ushered in the instantaneous "Acche Din" expected by many, but there is no denying the fact that it certainly is a very positive and thoughtful budget that is the first step in coming closer to the much coveted dream of better days.

FDI (Foreign Direct Investment) in real estate is certainly one of the most talked about budget announcements this year and rightly so, as it is going to make things easier for the middle class in the real estate arena. In very simple terms, FDI in real estate implies that the dream of living in one's own house is not very distant for the middle and lower-middle class of the society.

Let us get an insight into how this move of Modi government of bringing FDI in real estate is beneficial for the common man:

1) The government has announced the minimum built-up area requirement to be relaxed from 50,000 square meter to 20,000 square meter to allow FDI. This simply implies that the foreign funds would flow more easily, which in turn would facilitate quality and timely completion of projects.

2) The government has also raised the bar on upper limit on FDI to $10 million from $5million, which again translates to cheaper, easier and faster funds for the sector. These benefits, sooner or later, will surely be passed on to the consumers.

3) Amplification of fund flows through the relaxing FDI norms will also help strengthen the battered rupee and will also help check inflation.

4) Very importantly, FDI in real estate will improve investor sentiment in the market, which will boost sales.

5) FDI in real estate would recuperate the investment climate and will also usher in transparency in the market.

It must be noted that FDI in the real sector hit rock bottom recently as it declined to less than $1.3 billion in the period April 2013 to February 2014. It was $3.1 billion between April 2012 and March 2013. The decline in FDI in the mentioned period is hugely attributed to the unveiling of a number of scams in the UPA regime as well as to the political uncertainty in the pre-election period.

The above mentioned steps are certainly a welcome-sign; here’s hoping that FDI in real estate would work wonders for construction industry and will also help the industry bounce back in the near future.

Role of E Khatha in Bangalore Real Estate Market

Given the pile of documents involved in real estate transactions, a first time home buyer is likely to get overwhelmed. The sheer volume of paperwork and the impediments involved in the process, often shapes it into a tiring and lengthy course. For a potential home buyer or an existing one, the word ‘Khata’ rings bell and sounds familiar.The latest development in this route is the ‘E-Khata’.

In the real estate jargon, Khata is basically the account/assessment of a property, which falls in the BBMP (Bruhat Bengaluru Mahanagara Palike)/BMRDA (Bangalore Metropolitan Region Development Authority) jurisdiction, in regard to taxation. Khata holds relevant information such as the owner’s name, area, location, size and built-up area. A khata in bangalore, which is filed online is termed as the e-khata. A khata and PID (Property Identification) number, however, is received once all the government verification on property is completed.

Electronic khata, popularly known as E-khata, is a tool for a plot owner to pay his/her tax in any nationalized bank. To apply for E-khata, the site photo, owner’s photo along with digital signature is a must. Electronic khata is applicable for new plots that fall under the BMRDA jurisdiction. Any individual owner having a valid khata, is entitled to E-khata. For unrelated sites, it will be in the name of the builder, and will be registered in an individual’s name only when 40% of the release order from the BMRDA is received. Only then an owner can transfer the khata in E-form.

Understanding the need/benefits of e-Khata

Considering the growth and expansion of the Bangalore city, the Karnataka Government has laid special emphasis in the process of computerizing land records. Among others, a person filing khata is entitled to obtain receipts when required, with the help of the PID (Property Identification) number. Furthermore, updated khata certificates along with extracts can easily be derived from the BBMP kiosks.

In a bid to prevent fraudulent activities, the Stamp and Registration department gave a nod to the computer generated khata (Form 9 and Form 11), which is mandatory to submit at the time of registration. With the help of the PID number that is generated on computerizing of the records, a property tax owner endowed with the option to access his/her khata and ante up online.

Issues related with it

With the announcement of E-khata, the registration of properties in gram panchayats, properties on the periphery of Bangalore and other urban sprawls across the State, has hit a dead block. Lack of adequate infrastructure to issue the computerized khata has emerged as the primary hurdle for a large number of panchayats, in regard to registration of properties.

As per market reports, property registrations scaled down by 50%, with the new rule coming into effect. Private developers were unable to register sites that were formed under the Bangalore Metropolitan Region Development Authority jurisdiction. Lack of proper infrastructure and user-friendly site has doubled the issues related with the E-Khata registration in the recent times.

Pre Launch Offer for your Luxury 3BHK Villa in Sarjapur

For those who want to live in the lap of luxury Villa

We are happy and glad to inform you that, After Successful 6 Projects. We have launched our 7^thproject Peninsula Solitaire - A Luxury Duplex villa project.

Peninsula Solitaire - an exclusive gated community, secure, impeccably planned executive villa project located onTindlu Village off Sarjapur, Bangalore. PIDPL has covered up different projects in Sarjapur. The Project features 166 Luxurious villas of various types which range from 1200 - 2000Sq. Ft. to match the different needs of customers.

PROJECT DETAILS:  Tindlu Village off Sarjapur, Bangalore

                            ·         Total Land Area 10.3 Acres - BMRDA approved  

Type	Plot  Area	Built Up Area	No of Bedrooms	No.of.Bathroom	Price
3 BHK	1200 Sq.Ft.	1542 Sq.Ft	3	3	Rs. 62Lacs
3 BHK	1500 Sq.Ft.	1827 Sq.Ft.	3	3	Rs. 74Lacs
3 BHK	1600 Sq.Ft.	1908 Sq.Ft.	3	3	Rs. 78Lacs
3 BHK	2000 Sq.Ft.	2201 Sq.Ft.	3	3	Rs. 92Lacs

Note: Only Registration Charges and Khatha Extra

QUICK GLANCE ABOUT THE PROJECT:

Peninsula Solitaire Spread across an expansive 10.3 Acres - BMRDA approved residential Layout. PIDPL pressures on greenery and provides an incredible 45% open area. The fully prepared club house provides you the best sports and leisurely features.

Peninsula Solitaire are wonderfully developed and practically built for the present day residing. Our houses are a statement to the point that you do not have to be a loving to drop madly in love with amazing elegance and appearance. As you walk around the residence, you cannot help but appreciate the way we incorporate our houses with the characteristics around. Properly chosen plants and creatures improve the natural scenery and perfect designs makes you look ahead to every day with a new where we live? Is home.

Locations from major land marks

SABIC R&D Campus	5 km
Dommasandra circle	7 km
Electronic city (via chandapura)	20 km
Wipro corporate office	15 km
Outer ring road junction	18 km
IT companies on ORR junction (Belandur- Marathahalli)	22 km
Central Silk board	26 km

Villa Types:

Type A: 30*40

Elevation Of 30*40 East facing Villa

Floor Plan Of 30*40 East facing Villa :

                                       

Elevation Of 30*40 West facing Villa :

Floor Plan Of 30*40 West facing Villa :

Type B -  30*50 :

Elevation Of 30*50 East facing Villa

Floor Plan Of 30*50 East facing Villa :

Elevation Of 30*50 West facing Villa  :

Floor Plan Of 30*50 West facing Villa :

Type C -  40*40 :

Elevation Of 40*40 East facing Villa :

Floor Plan Of 40*40 East facing Villa :

Elevation Of 40*40 West facing Villa :

Floor Plan Of 40*40 West facing Villa :

Type D -  50*40 :

Elevation Of 50*40 East facing Villa :

Floor Plan Of 50*40 East facing Villa :

Elevation Of 50*40 East facing Villa :

Floor Plan Of 50*40 West facing Villa :

Layout Map : 

Location Map :

World Class Amenities:

·         Swimming Pool

·         Club House

·         Gymnasium

·         Party Hall

·         Badminton Court

·         Tennis Court

·         Table Tennis

·         Basket Ball Court

·         Library

·         Children Play Area

·         Rain Water Harvesting

·         Sewerage Treatment Plant

 WHY SARJAPUR? 

Sarjapura is located in a centralized location to ITPL, Electronic City and Marathalli Outer Ring Road where many of the IT Companies are situated. 

STRR which is passing through Sarjapura and connecting to Devanahalli International Airport with proximity of 45 Kms.  

Peninsula Solitaire is very closed by to the proposed Infosys campus of 400 acres of land, IT firm SEZ Zone and Wipro campus of 160 acres of land. It is fast becoming a major residential and commercial centre of Bengaluru. Over 4900 acres of BDA layouts announced & 900 acres of commercials.

3 BHK Duplex Villa in Sarjapur

Peninsula Passiflora Phase 2 is located at Sarjapur a mere 24 km from Silk board Circle, Bengaluru. The Proposed 350 acre of Infosys campus, 100 acre of Wipro campus and Sabic Research Center a mere 1km form project. Peninsula Passiflora Phase 2 is an exclusive gated community, executive villa project in Sarjapur, Benagaluru. The project features 27 Luxurious villas of different types ranging from 1200-2400 Sq. Ft. to suit the varying needs of customers.